Chairman's Update 31 May 2013

It has come to my attention that several shareholders have contacted the Company showing concern about the publication of our annual accounts.

I am however happy to state the following:

The delay in publication is entirely due to events beyond the Company's control. These events have no bearing on the accounts, merely the timing of their publication.

The accounts, containing an updated trading statement, will be issued very shortly. I have full confidence in our Company and as previously stated, fully intend to invest further monies in the Company.

I would remind shareholders that PMG has a very small number of staff, and is about to stage a series of new events in June (some of which have been announced and some of which are about to be announced).

Finally, once the accounts are published, I would be more than happy to talk to shareholders individually to answer any questions they may have.

Thank you for your support and patience.

David Ciclitira